NOT LISTED FOR SALE

Estimated Value: $1,893,000 - $1,970,242

7 Beds
6 Baths
4,195 Sq Ft
$463/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $1,850,000 $441 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,125/month

30 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • 3-minute walk to City Hall Play Area
  • South San Francisco High School Rated A-
  • Carpet

About This Home

As of March 2023

First time on the market! This amazing duplex in the heart of South San Francisco makes an incredible investment opportunity! Live in one unit and rent the second unit, or create a multi-generational space. These spacious, separate units feel like two single family homes. 537 Miller has a 4 bedrooms/3 bathrooms while 534 4th Lane has a 3 bedrooms/3 bathrooms. Each unit features a wood burning fireplace, ample storage, expansive bedrooms, and an attached 2-car garage. With close Proximity to Caltrain, SF/SFO/Booming Bio-Tech Industry, 101/380, it is the epitome of convenience!

Last Agent to Sell the Property

Emma Elfving

Compass License #01870848 Listed on: 10/22/2022

Compass

Co-Listed By

Erik Elfving

Compass License #01874451

Last Buyer's Agent

Christian Tinoco

Vanguard Properties License #02045518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,387

Year Built

  • 1993

Lot Details

  • 5,602

Parking

  • 4 Car Attached Garage

Home Design

  • 4,195 Sq Ft Home
  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Washer and Dryer Hookup
  • 5,602 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $32,850

Community Details

Overview

  • 4,195 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,260
  • Operating Expense $12,257
  • Gross Income $32,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,387

Year Built

1993

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Age: 29
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4195
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1993

Interior Features

  • Living Sq Ft: 4195
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.1286
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5600.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 60.73
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2260
  • Expense Landscape: 1200
  • Expenses Total: 12257
  • Income Annual Gross: 32850.00
  • Income Annual Rental: 32850
  • Income Gross Scheduled: 32850
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Flores Jose Alfredo
Bought by
Al San Flores Family Living Trust and De Alba
Current Estimated Value
$1,941,311

Purchase Details

Closed on
Nov 1, 2004
Sold by
Medeiros Sofia L
Bought by
Medeiros Sofia Lynn

Purchase Details

Closed on
Feb 7, 2001
Sold by
Medeiros William
Bought by
Medeiros Sofia

Purchase Details

Closed on
Nov 12, 1993
Sold by
Sideris Dino N
Bought by
Sideris Sofia L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Al San Flores Family Living Trust -- None Listed On Document
Medeiros Sofia Lynn -- --
Medeiros Sofia -- Old Republic Title Company
Sideris Sofia L -- Old Republic Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $1,850,000 -7.3% $441 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
10/22/2022 10/22/22 For Sale $1,995,000 -- $476 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,387 $1,924,740 $847,926 $1,076,814
2023 $21,387 $786,197 $304,266 $481,931
2022 $8,911 $770,782 $298,300 $472,482
2021 $8,797 $755,669 $292,451 $463,218
2020 $8,689 $747,922 $289,453 $458,469
2019 $8,595 $733,258 $283,778 $449,480
2018 $8,391 $718,881 $278,214 $440,667
2017 $8,184 $704,786 $272,759 $432,027
2016 $8,027 $690,967 $267,411 $423,556
2015 $7,898 $680,589 $263,395 $417,194
2014 $7,731 $667,258 $258,236 $409,022
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81911235

MLSListings

APN: 012-282-160